Scotiabank strategists Shaun Osborne and Eric Theoret report the Euro (EUR) is firming as Eurozone economic resilience and narrowing yield spreads versus the US support EUR/USD. Short-term technicals are described as bullish, with intraday and daily momentum positive and the weekly study close to turning higher. They see a push through 1.1625/50 opening further gains…
What gave rise to the mosaic of cultural expressions across the globe? Why are some societies more culturally diverse than others? This study develops a unified theory of cultural evolution, characterizing the forces that have governed this process over the course of human existence. The research advances the hypothesis that population movements and socioeconomic transformations…
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It is no secret why African countries with large fossil-fuel reserves nonetheless have failed to reduce extreme poverty or provide reliable electricity to all households. Those in power have made a conscious choice to privilege hard-currency export revenues, some of which then finance elite consumption rather than public investment.
LIBREVILLE/LOS ANGELES—Africa is facing one…